For the past few years, Paramount enjoyed a mutually beneficial relationship with DreamWorks Animation, releasing tons of successful films like Rango, Kung Fu Panda, How To Train Your Dragon and more. Last summer, though, DreamWorks Animation announced they’d be parting ways with the studio, leaving Paramount without a strong animation presence. Paramount Animation was born.

Variety now reports Paramount has begun independently developing projects with filmmakers like J.J. Abrams (Mission: Impossible, Star Trek) and Mary Parent (Noah, Pacific Rim) as well as tapping their kids TV channel, Nickelodeon, for more feature ideas. Which means we might see films based on Dora the Explorer, The Legend of Korra or Monkey Quest. Read more after the jump, including the official announcements of The SpongeBob SquarePants Movie 2 andThe New Kid.Read More »